Monthly EMI: ₹43,413 at 7.65% for 1 years. Total interest: ₹20,956.
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With a ₹5 Lakh gold loan from IDBI Bank at 7.65% for 1 years, you will pay a monthly EMI of ₹43,413. The total amount payable is ₹5,20,956, of which ₹20,956 is interest.
At 7.65% interest rate for 1 years, the EMI for ₹5 Lakh Gold Loan from IDBI Bank is ₹43,413 per month. Total interest payable: ₹20,956.
IDBI Bank offers Gold Loan at 7.65 - 10.50% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹5 Lakh at 7.65% for 1 years, you would pay approximately ₹20,956 as total interest, making the total repayment ₹5,20,956.
IDBI Bank's prepayment policy for Gold Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
IDBI Bank offers competitive rates starting from 7.65 - 10.50% with tenure up to 3 years. Compare with other banks on this page to find the best option for your ₹5 Lakh gold loan.